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Web 1.0 are basically static web pages.
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Smart contracts are small piece of code that run on Ethereum core.
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Transparency is achieved with a fact that everyone can see that piece of code, or smart contract, how it is defined, and how respective portion of money is threated and under which conditions.
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- Web 1.0 was a bunch of static websites that only contained texts, images, and links.
- Smart contracts are programs that run on the blockchain (a smart contract on the Ethereum blockchain for example would be written using Solidity)
- Through smart contracts, everyone can see which transactions the program did on the blockchain, no censorship, runs as long as the blockchain is up, and it can only work the way it is programmed from the beginning, it is really hard and useless to try to edit or remove it.
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1. What was Web 1.0?
A static websites
2. What is a smart contract?
Piece of code runing on ethereum Blockchain, who can hold and manage money.
3. How is transparency achieved with ethereum code?
Every one can read the S.C.
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What was Web 1.0?
Text, Images, Static Data, etc. -
What is a smart contract?
Small lines of unstoppable code running on the Eth Network that can own or distribute money. -
How is transparency achieved with ethereum code?
All transaction are completely transparent. The contract is immutable in a trustless network. Don’t Trust - Verfiy!
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Web 1.0 was the first generation of the internet and web sites were mostly text and simple images. There was no dynamic data and much was lacking compared to today because scripting languages like Javascript were not integrated into the technology.
A smart contract is code that is stored on the Ethereum blockchain which allows for, essentially, programmable money.
Transparency is achieved in ethereum because the code is stored on the blockchain so it is publicly available.
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- What was Web 1.0?
1st generation internet that is only used for sharing information (static texts, images, links) - What is a smart contract?
Programmable money. Small programs/ code deployable on the Ethereum blockchain and executed by the EVM. - How is transparency achieved with Ethereum code?
By being based on the blockchain technology, which is trustless. Don’t trust, verify.
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- Web 1.0 was the initial version of the internet, by which individuals could access static web pages and the most interactive component were hyperlinks to other static pages.
- A smart contract is a contract written into the ethereum blockchain, which is programmed to execute certain functions based on a set of rules in order to manage a sum of cryptocurrency.
- Ethereum code achieves transparency in the same way as any other code utilizing blockchain technology. Anyone can view any part of the chain, transactions are irreversible, and the whole process is decentralized, removing the need for intermediary processes or for having trust in any person or institution.
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The web 1.0 is the internet before java script when websites were coded with html only.
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Smart contracts are cryptocurrencies that can be programmed to perform certain operations id certain conditions are met.
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The ethereum blockchain is transparent for any party to verify transactions.
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it’s a static web. It only accepts text, images. Yo can’t chat, interact in social media.
Small pieces of code that run on Ethereum blockchain.
Because everyone can see what you are doing with your money, where does it goes, how much you have. There’s no banking connection. No intermediaries.
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- What was Web 1.0?
Static Web Pages - What is a smart contract?
Programmable contracts about money, it removes the middle man and allow transactions to be done in a trustless manner - How is transparency achieved with ethereum code?
No one can change the smart contract once its deployed in the Ethereum blockchain
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What was Web 1.0?
One of the earliest versions of the web before the introduction of Javascript. -
What is a smart contract?
A smart contract is a programable contract that is able to hold money and distribute it when the predefined conditions are met. -
How is transparency achieved with ethereum code?
Etherium is a public blockchain, so anyone is able to go and see the code that is running on it.
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Static websites without interaction. They can only share information like text, images, and links.
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They are trustless, transparent contracts on the blockchain that only release funds when a certain criteria is met.
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They are transparent because the code is viewable by anyone.
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- What was Web 1.0?
it contained static websites with only text, images and links
- What is a smart contract?
A smart contract is a small piece of code that executes on the Ethereum blockchain. when all the programmed conditions have been met, the contract will get executed
- How is transparency achieved with ethereum code?
all can be verified on the blockchain
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- What was Web 1.0?
First version of the web before it was upgraded. - What is a smart contract?
Code written to do something for contractee in the future. It cannot be changed once the contract is in the blockchain. - How is transparency achieved with ethereum code?
You are able to see what was received or sent. No changes cab be made once the code is written and enter the blockchain. The code execute to accomplish specific task and will do just that.
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- the first release of the internet, you could just read and share basic content such as text and images, no video streaming
- it is a decentralized application based on the blockchain, it auto executes and saves time and money to any token issuer and token user, it is part of web3 democratic revolution. A smart contract is a small computer protocol that lives in the blockchain and is activated when a user initiates it. Essentially a contract is something that is told “If” something happens, “Then” complete and execute the following task.
- Ethereum code use transparency as part of its security, the users cannot fake transactions because it is a public blockchain and every block created include the previous block hash, guessed nonce, and the transactions to be validated. Anyone can see and inspect the elements behind each transaction.
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- The first integration of the internet, when in web was static as to it’s users. What was displayed to one person was displayed the same to all. It was not dynamic or programable.
- A dynamic or programable protocol which enables / instructs money to be distributed without a middle man / third party. It’s distributed much like Bitcoin and is secure.
- The protocol code is public and shared with all the nodes globally.
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- Ethereum uses GPU friendly mining algo and is switching to POS.
- Smart contracts run on EVM
- The security and integrity of the code is higher due to all parties being able to verify it ran correctly.
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Homework Assignment: ETH Intro (Answers)
- It is a STATIC protocol for website which only allowed text , images, links. Very limited and outdated.
- A small piece of code that runs on ETH blockchain.
- Thru a “Trustless” system that eliminates 3rd party interference.
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1. What was Web 1.0?
This is a basic website that only shows static pages with information and links to other pages.
2. What is a smart contract?
This is a programmable contract which can be added to the eth block chain that executes once a given set of rules are achieved.
3. How is transparency achieved with ethereum code?
This is because it is all visible on the block chain.
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[quote=“filip, post:1, topic:8441”]
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What was Web 1.0?
Web 1.0 was the first version of internet where websites were static. -
What is a smart contract?
A smart contract is a small piece of code deployed onto the blockchain, using Solidity. This code is unstoppable, transparent and the transaction is self executing, eliminating the need to trust 3dr parties.
- How is transparency achieved with ethereum code?
Because the contract is written in the decentralized blockchain, it cannot be altered and anyone with access can see the transaction, it means that the transaction is transparent and
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